Day: June 18, 2021

UK Travel & Leisure sector under pressure as UK set to delay reopening By

© Reuters.

By Samuel Indyk – The sector was underperforming on Monday after reports suggested the UK government was set to delay the final stage of their lockdown roadmap, which was set to see a removal of all Covid restrictions.

Prime Minister Boris Johnson is due to hold a press conference at 18:00BST where he is expected to announce a four-week delay to  the easing of restrictions, which were originally pencilled in for 21st June.

Aviation and travel

Although the easing of restrictions was not expected to bring any changes to international travel, airlines and aviation stocks are still trading lower as the spread of the ‘Delta’ variant across the UK is slowly leading to increased hospitalisations, despite what seemed an impressive vaccination programme.

Susannah Street, senior investment and markets analyst at Hargreaves Lansdown (LON:) suggests there is an expectation that increased domestic restrictions will mean quarantine will

Read More